Tesla Model 3 Is Finally Unveiled Priced At $35K

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Tesla Model 3…it’s what the press and the tech press (and many consumers) have been clamoring about and anticipating for a long time now, and it’s here. To give you an idea of how much some people want the Model 3, it already has 134,000 reservations. Each one of those people who reserved the car put a $1,000 deposit down. 134,000 reservations doesn’t seem like a lot, but think about when the last time was that you reserved a car. Bloomberg reports another interesting fact which is there are more reservations for the Model 3 than sales of all previous Tesla cars combined. You can watch the entire launch video below.

The base Model 3 is going to have a zero to 60 miles per hour time of 6 seconds. That is insane for a $35,000 car and means it beats the likes of BMW and Mercedes. The most important detail that was announced was the distance you can travel on a single charge, which stands at 215 miles. There will be an option to upgrade to a larger battery cell and the company is always continuing to work on battery capacities. The Model 3 will come with Tesla’s Autopilot hardware preparing it for hands free operation at some point. The car is made of lightweight aluminum and “cheaper” steel. The majority is steel, but we’ll have to wait and see what “cheaper” actually means.

The Tesla iPad-like display will be in the Model 3, but will be placed in landscape and will shrink by 2″ to 15″. This actually doesn’t seem bad as the original display is massive. Tesla says you can fit five adults inside the car, and that’s a great thing as long as you fit comfortably. Rear-wheel drive will be on the base model, but you can upgrade to dual motors making it all-wheel-drive.

This is a car many have waited for, and it remains to be seen if it will succeed, but if every person that reserved one of these ends up buying one, that would make it a $9 billion dollar launch for Tesla, not a bad launch for a car maker.

What do you think of the new Tesla Model 3? Let us know in the comments below or on Twitter, Facebook and Google+.

  Source: Bloomberg
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